Coca-Cola FEMSA, S.A.B. de C.V., known as Coca-Cola FEMSA or KOF, is a Mexican
multinational beverage
A drink or beverage is a liquid intended for human consumption. In addition to their basic function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include plain drinking water, milk, juice, smoothie ...
company headquartered in
Mexico City
Mexico City is the capital city, capital and List of cities in Mexico, largest city of Mexico, as well as the List of North American cities by population, most populous city in North America. It is one of the most important cultural and finan ...
,
Mexico
Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...
. It is a subsidiary of
FEMSA
Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA, is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico. It operates the largest independent Coca-Cola bottling group in the world and the la ...
which owns 47.8% of its stock, with 27.8% held by wholly owned subsidiaries of
The Coca-Cola Company
The Coca-Cola Company is an American multinational corporation founded in 1892. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is lis ...
and the remaining 25% listed publicly on the
Mexican Stock Exchange
The Mexican Stock Exchange (), commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange in Latin America, only after S ...
(since 1993) and the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
(since 1998). It is the largest franchise Coca-Cola bottler in the world, the company has operations in
Latin America
Latin America is the cultural region of the Americas where Romance languages are predominantly spoken, primarily Spanish language, Spanish and Portuguese language, Portuguese. Latin America is defined according to cultural identity, not geogr ...
, although its largest and most profitable market is in Mexico.
[Hitt, Michael A.; Ireland, R. Duane; Hoskisson, Robert E. (2014)]
''Strategic Management: Concepts and Cases: Competitiveness and Globalization''
p. 248. Cengage.
History
Coca-Cola FEMSA began as a joint venture with The Coca-Cola Company in 1991 with FEMSA initially owning 51% of the stock. It started expanding its international operations in 2003 when it acquired Panamerican Beverages (Panamco), another Mexican Coca-Cola bottler with operations in Central America, Colombia, Venezuela, and Brazil. It later acquired additional bottling companies in Brazil (its second largest market) as well as the main Coca-Cola bottler in the Philippines in 2013, until 2018 when the company was then renamed to
Coca-Cola Beverages Philippines.
In 2007, Coca-Cola FEMSA acquired
Jugos del Valle in a joint venture with The Coca-Cola Company. In June 2008, Coca-Cola FEMSA acquired Refrigerantes Minas Gerais.
In 2011, the company merged
Grupo Tampico and Corporación Los Angeles. Later that same year, Coca-Cola FEMSA acquired Grupo Industrias Lacteas, parent company of
Estrella Azul, in a joint venture with The Coca-Cola Company.
Coca-Cola FEMSA merged beverage operations with Grupo Fomento Queretano in 2012. In 2013, the company merged more bottling operations with Grupo
Yoli as well as acquiring Brazilian companies Companhia Fluminense de Refrigerantes and Industria Brasileira de Bebidas.
In 2015, Coca-Cola FEMSA opened two $500 million bottling plants in Itabirito, Brazil, and Tocancipa, Colombia. The company completed its $1 billion acquisition of VONPAR in Brazil in 2016. Coca-Cola and Coca-Cola FEMSA also bought the AdeS brand from
Unilever
Unilever PLC () is a British multinational consumer packaged goods company headquartered in London, England. It was founded on 2 September 1929 following the merger of Dutch margarine producer Margarine Unie with British soap maker Lever B ...
in a joint venture that same year.
In 2018, Coca-Cola FEMSA acquired Guatemalan bottlers ABASA and Los Volcanes as well as MONRESA in Uruguay.
See also
*
List of companies traded on the Bolsa Mexicana de Valores
*
List of companies of Mexico
*
Economy of Mexico
References
Further reading
On Coca-Cola FEMSA's 2011 venture into the coffee vending market:
* Capron, Laurence and Mitchell, Will (2013)
''Build, Borrow, or Buy: Solving the Growth Dilemma'' pp. 37–39. Harvard Business Press.
On Coca-Cola FEMSA's approach to
human resource management
Human resource management (HRM) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize e ...
, focusing on their operations in Colombia:
* Brewster, Chris and Mayrhofer, Wolfgang (eds.) (2012)
''Handbook of Research on Comparative Human Resource Management'' pp. 488–489. Edward Elgar.
On the strategic moves undertaken by Coca-Cola FEMSA and five other Mexican firms during the
Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009. :
* Grosse, Robert (January 2012)
"Latin American Company Strategies in the Financial Crisis" ''
Global Journal of Emerging Market Economies'', Vol. 4, No. 1, pp. 55–70
External links
{{Authority control
Drink companies of Mexico
Food and drink companies based in Mexico City
Coca-Cola bottlers
Companies listed on the Mexican Stock Exchange
Companies listed on the New York Stock Exchange
Companies in the Indice de Precios y Cotizaciones